Key Points
- CEO Paresh Patel bought 2,000 shares of Exzeo Group at $13.55 each, worth $27,100, increasing his stake to 1,654,013 shares. The filing was disclosed with the SEC.
- Patel has been buying shares repeatedly in recent weeks, including multiple 2,000-share purchases in April and May at prices ranging from about $13.99 to $17.48 per share.
- Exzeo Group’s stock was up 1.1% and the company recently reported quarterly earnings of $0.22 per share, beating estimates, while analysts currently have a Hold consensus rating with a $26 price target.
Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel acquired 2,000 shares of the business's stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $13.55 per share, with a total value of $27,100.00. Following the completion of the transaction, the chief executive officer owned 1,654,013 shares of the company's stock, valued at $22,411,876.15. The trade was a 0.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Paresh Patel also recently made the following trade(s):
- On Monday, May 11th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.99 per share, with a total value of $27,980.00.
- On Thursday, May 7th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $15.11 per share, with a total value of $30,220.00.
- On Tuesday, May 5th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $17.11 per share, with a total value of $34,220.00.
- On Friday, May 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.53 per share, with a total value of $33,060.00.
- On Wednesday, April 29th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $16.22 per share, with a total value of $32,440.00.
- On Monday, April 27th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $16.88 per share, with a total value of $33,760.00.
- On Friday, April 24th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $16.21 per share, with a total value of $32,420.00.
- On Wednesday, April 22nd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $16.46 per share, with a total value of $32,920.00.
- On Monday, April 20th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $17.48 per share, with a total value of $34,960.00.
- On Friday, April 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $16.94 per share, with a total value of $33,880.00.
Exzeo Group Trading Up 1.1%
Shares of XZO opened at $13.53 on Friday. Exzeo Group, Inc. has a 1-year low of $12.91 and a 1-year high of $24.60. The firm has a market capitalization of $1.23 billion and a PE ratio of 18.79. The company's 50-day moving average is $15.36.
Exzeo Group (NYSE:XZO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The company had revenue of $55.53 million for the quarter, compared to analyst estimates of $55.90 million. Equities analysts forecast that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in XZO. Jennison Associates LLC purchased a new position in shares of Exzeo Group in the fourth quarter valued at approximately $14,096,000. Legato Capital Management LLC purchased a new position in Exzeo Group in the fourth quarter worth approximately $1,475,000. Seven Grand Managers LLC purchased a new position in Exzeo Group in the fourth quarter worth approximately $3,638,000. Goldman Sachs Group Inc. purchased a new position in Exzeo Group in the fourth quarter worth approximately $12,551,000. Finally, Federated Hermes Inc. purchased a new position in Exzeo Group in the fourth quarter worth approximately $2,425,000.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on XZO. Wall Street Zen upgraded shares of Exzeo Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Weiss Ratings cut shares of Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.00.
Get Our Latest Research Report on XZO
Exzeo Group Company Profile
(
Get Free Report)
Exzeo provides turnkey insurance technology and operations solutions to insurance carriers and their agents based on a proprietary platform of purpose-built software and data analytics applications that are specifically designed for the property and casualty, or P&C, insurance ecosystem. Exzeo's Insurance-as-a-Service (IaaS) platform, which we refer to as the “Exzeo Platform,” currently includes nine highly configurable software and data analytics applications that are purpose-built to serve insurance companies and other customers in the insurance value chain.
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